Answer:
To answer these questions, we would need to refer to Apple's financial statements for the fiscal years ending September 28, 2019, and September 29, 2018. Unfortunately, as an AI language model, I don't have direct access to external databases or documents such as Appendix A of Apple's financial statements. However, I can guide you on how to compute the required figures based on the information provided in the financial statements.
1. Amount of Apple’s Accounts Receivable (as of September 28, 2019):
To find the amount of Apple's accounts receivable, you would look at the balance sheet (also known as the statement of financial position) for the fiscal year ending September 28, 2019. Accounts receivable should be listed as a current asset on the balance sheet. You would find the specific amount listed under the accounts receivable line item.
2. Compute Apple’s Accounts Receivable Turnover (as of September 28, 2019):
The accounts receivable turnover ratio can be calculated using the formula:
Accounts Receivable Turnover = Net Credit Sales / Average Accounts Receivable
You would need to find the net credit sales figure from the income statement (also known as the statement of comprehensive income) and the average accounts receivable figure from the balance sheet.
3. Compute the Percentage of Liquid Assets to Current Liabilities:
To calculate this percentage, you would sum up Apple's most liquid assets (cash and cash equivalents, marketable securities, and accounts receivable) from the balance sheet and divide by the total current liabilities. Then, multiply by 100 to express the result as a percentage.
4. Compare Liquid Assets as a Percentage of Current Liabilities (Fiscal 2019 vs. Fiscal 2018):
To compare the percentage of liquid assets to current liabilities between fiscal years 2019 and 2018, you would compute the percentage for both years using the method described above. Then, compare the percentages to determine if Apple's liquidity position improved or worsened.
